IFP Advisors Inc Boosts Position in Hanesbrands Inc. $HBI

IFP Advisors Inc raised its stake in Hanesbrands Inc. (NYSE:HBI) by 13.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,518 shares of the textile maker’s stock after buying an additional 2,208 shares during the period. IFP Advisors Inc’s holdings in Hanesbrands were worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Strs Ohio bought a new stake in shares of Hanesbrands during the first quarter valued at approximately $38,000. AlphaQuest LLC purchased a new position in Hanesbrands during the 1st quarter worth $44,000. Fifth Third Bancorp lifted its holdings in shares of Hanesbrands by 37.8% in the 1st quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker’s stock worth $48,000 after buying an additional 2,267 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Hanesbrands in the 1st quarter worth $58,000. Finally, Tranquilli Financial Advisor LLC bought a new position in shares of Hanesbrands during the 1st quarter worth $58,000. 80.31% of the stock is currently owned by institutional investors.

Hanesbrands Stock Performance

HBI stock opened at $6.89 on Monday. Hanesbrands Inc. has a one year low of $3.96 and a one year high of $9.10. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 28.69 and a beta of 1.47. The company has a debt-to-equity ratio of 13.62, a quick ratio of 0.74 and a current ratio of 1.52. The firm has a 50-day simple moving average of $6.47 and a two-hundred day simple moving average of $5.31.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. The firm had revenue of $991.33 million during the quarter, compared to analyst estimates of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. Hanesbrands’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. Hanesbrands has set its Q3 2025 guidance at 0.160-0.160 EPS. FY 2025 guidance at 0.660-0.660 EPS. On average, equities analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Hanesbrands in a report on Wednesday, October 8th. UBS Group upped their price target on shares of Hanesbrands from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company raised shares of Hanesbrands from a “strong sell” rating to an “equal weight” rating and boosted their price objective for the stock from $5.00 to $6.00 in a research note on Thursday, August 14th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.50.

Hanesbrands Profile

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of range of innerwear apparels for men, women, and children in the Americas, Europe, the Asia pacific, and internationally. The company operates through three segments: Innerwear, Activewear, and International.